U.Today – Robert Kiyosaki, author of the motivational best-seller “Rich Dad, Poor Dad,” continues to advocate using BTC as an important part of a diversified financial strategy. In a recent post, Kiyosaki stressed the importance of preparing for economic uncertainty by investing in assets outside the traditional financial system.
Kiyosaki's observations draw attention to the different nature of panics in capital markets and in banks. While stock, bond or real estate market crashes are obvious to most, he says, banking crises can occur without the public even noticing. This hidden risk is only partially mitigated by FDIC insurance, which covers deposits of up to $250,000.
However, Kiyosaki questions the safety of relying solely on this protection and urges people to consider alternatives such as gold, silver and Bitcoin.
Robert Kiyosaki and Bitcoin
The author's view on cryptocurrencies has changed a lot over the years. He used to consider them a gamble, but now he considers them a store of value, on par with gold and silver.
Kiyosaki believes that the current financial system is “corrupt” and increasingly vulnerable. That's why he is convinced that it is a good idea to have tangible assets that are less likely to fail.
The best-selling author also believes that Bitcoin could be worth a lot in the future, even up to $1,000,000. By promoting BTC, gold and silver, Kiyosaki encourages people to protect their wealth from the risks of traditional banking and prepare for possible economic downturns.
This article was originally published on U.Today
